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Which of the following statements is TRUE regarding the Section 199A qualified business income deduction for...

Which of the following statements is TRUE regarding the Section 199A qualified business income deduction for rental real estate owners?

If the taxpayer does not qualify for the safe harbor election, they will not be able to take the deduction.

The rental enterprise safe harbor election will be beneficial for all taxpayers even if the rental generates a net loss for the year.

Both commercial and residential real estate may be part of the same rental real estate enterprise.

If the taxpayer does not make the safe harbor election, they may still be eligible to claim the deduction based on the facts and circumstances of the rental activity.

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